Live data from Hacker News

IBM Is Already Gutting Red Hat and Firing Employees Without Warning

techrights.org

21–30 of 102 posts

Re: IBM Is Already Gutting Red Hat and Firing Employees Without Warning

#21

Earlier quoted context omitted.

What pension? I don’t think that’s a common US benefit. https://careers.microsoft.com/us/en/usbenefits

401K I think is what we consider to be retirement funding.

Microsoft 401K matches vest immediately which leads me to think they may be an untrustworthy source of information.

Re: IBM Is Already Gutting Red Hat and Firing Employees Without Warning

#22
How do the pensions work at Microsoft or IBM? I was under the impression once you vest into a pension you get it come retirement age regardless if at the time you are still working at the company. Otherwise that seems ridiculous, couldn't they just fire you at 54 and you get nothing?

Re: IBM Is Already Gutting Red Hat and Firing Employees Without Warning

#23

A giant corporation buys a Silicon Valley company, the result is generally carnage. The old-boy marketing-driven process-heavy big company will roll out decisions like a bowling ball careening across a cafeteria, knocking over tables and chairs and sending people running for cover. Since big companies are driven by managers not engineers, and the managers are always, always from the bigger company, the decisions are…

> A giant corporation buys a Silicon Valley company

I don't know what you mean by 'giant corporation' and 'Silicon Valley company' - do you think these groups are distinct?

RedHat isn't a 'Silicon Valley company' as far as I know. It's from the east coast - North Carolina isn't it? The Carolinas seem as far as you can get from Silicon Valley, culturally and geographically.

And many Silicon Valley companies are traditional giant corporations - Oracle, Intel, etc.

Re: IBM Is Already Gutting Red Hat and Firing Employees Without Warning

#24
post #19
post #16

Earlier quoted context omitted.

> A giant corporation buys a Silicon Valley company Redhat is not a Silicon Valley company.

I think they're referring to "Silicon Valley" in the cultural sense, not the geographic one.

But what does that even mean?

Oracle is a traditional Silicon Valley company. But presumably that's not what they mean either?

Re: IBM Is Already Gutting Red Hat and Firing Employees Without Warning

#26

not just IBM, but the link to the microsoft layoffs is kind of mind blowing: http://techrights.org/2020/08/02/microsoft-layoffs-secrecy/ >“Microsoft rarely, if ever, allows anyone working there to reach 55 and have their pension become vested.” >“Microsoft was twice as likely to lay you off if you were over 40.” >“Cortana is an analytics and telemetry app that data mines people while pretending to be a digital assist…

What pension? I don’t think that’s a common US benefit. https://careers.microsoft.com/us/en/usbenefits

Pensions used to be common in the US, IBM is from that era, but if you entered the workforce in the late 70s or early 80s then you probably missed that boat although the US stock market has benefited enormously since that time from all that money being put into securities backed retirement funds.

Financial services companies play the same game - bonuses get paid first couple months of the year so around Christmas they cut as many people as they can. Real jerk move but not as bad as working someplace thirty years and then losing your retirement three months before.

Re: IBM Is Already Gutting Red Hat and Firing Employees Without Warning

#28

not just IBM, but the link to the microsoft layoffs is kind of mind blowing: http://techrights.org/2020/08/02/microsoft-layoffs-secrecy/ >“Microsoft rarely, if ever, allows anyone working there to reach 55 and have their pension become vested.” >“Microsoft was twice as likely to lay you off if you were over 40.” >“Cortana is an analytics and telemetry app that data mines people while pretending to be a digital assist…

What pension? I don’t think that’s a common US benefit. https://careers.microsoft.com/us/en/usbenefits

It says in your own link - 401k, which is a type of pension.

Re: IBM Is Already Gutting Red Hat and Firing Employees Without Warning

#29

A giant corporation buys a Silicon Valley company, the result is generally carnage. The old-boy marketing-driven process-heavy big company will roll out decisions like a bowling ball careening across a cafeteria, knocking over tables and chairs and sending people running for cover. Since big companies are driven by managers not engineers, and the managers are always, always from the bigger company, the decisions are…

> A giant corporation buys a Silicon Valley company I don't know what you mean by 'giant corporation' and 'Silicon Valley company' - do you think these groups are distinct? RedHat isn't a 'Silicon Valley company' as far as I know. It's from the east coast - North Carolina isn't it? The Carolinas seem as far as you can get from Silicon Valley, culturally and geographically. And many Silicon Valley companies are tradit…

So, we don't think the linux community and companies are much different from century-old business-process company with 1/3 million employees? Is this really a question, or just pedantry?

Re: IBM Is Already Gutting Red Hat and Firing Employees Without Warning

#30
post #19
post #16

Earlier quoted context omitted.

> A giant corporation buys a Silicon Valley company Redhat is not a Silicon Valley company.

I think they're referring to "Silicon Valley" in the cultural sense, not the geographic one.

That's an interesting thing to think about. Are they really like silicon valley companies? I wonder if north carolina culture is actually the same.

and IBM... hmmm...

Post reply on HN